Ten Regional Clear Vitality Corporations Graduate from Cleantech San Diego Startup Incubator
Annual Southern California Vitality Innovation Community Showcase Occasion Being Held November 9
SAN DIEGO, CA, November 1, 2022 – Cleantech San Diego in the present day introduced the commencement of ten native clear vitality corporations – Chilldyne, Managed Thermal Sources, Ivy Vitality, NeoCharge, Occuspace, South 8 Applied sciences, Qubitekk, UCAP Energy, VLI-EV, and XENDEE – from its Southern California Vitality Innovation Community (SCEIN).
SCEIN is an incubator program for clear vitality startups primarily based in San Diego, Riverside, San Bernardino, and Imperial counties which can be creating applied sciences to assist California meet its clear vitality targets. This system provides free enterprise providers by means of a consortium of regional companion organizations and personal sector corporations to assist entrepreneurs efficiently deliver their vitality improvements to market.
Since getting into SCEIN, these ten corporations have secured a number of clients, constructed sturdy gross sales pipelines, and raised ample capital to help the scaling of their breakthrough vitality companies. An organization graduates from SCEIN when it’s mutually agreed that they’ve utilized the total vary of sources and referrals made obtainable to them. Seventeen regional clear vitality corporations have now graduated this system after receiving custom-made enterprise service plans from SCEIN.
“SCEIN is happy to have been in a position to present providers and help that has enabled all ten of those progressive corporations to speed up market traction of their breakthrough clear vitality options,” stated Marty Turock, Govt Director of SCEIN. “Every of their merchandise create thrilling new methods for purchasers to scale back vitality use, get monetary savings, and curb greenhouse fuel emissions – all whereas creating new jobs and furthering California’s cleantech financial system and local weather targets.”
Cleantech San Diego launched the SCEIN program in 2016 after successful a grant from the California Vitality Fee. Over this system’s first six years of operation, SCEIN member corporations have commercialized progressive applied sciences which can be accelerating market transformation in transportation electrification, grid and constructing decarbonization, vitality effectivity, and resiliency. In 2021, the California Vitality Fee authorized follow-on funding for SCEIN to proceed supporting vitality entrepreneurs by means of 2026.
So far, 66 corporations have been served by SCEIN, 31 of that are at present lively in this system. Collectively, these startups make use of 629 folks, have had 386 patents authorized, and have raised over $300 million in follow-on funding from private and non-private sources since being accepted into this system. 79 p.c of SCEIN corporations have C-Suite variety.
“The Southern California Vitality Innovation Community is just not solely serving to the subsequent wave of vitality entrepreneurs deliver their applied sciences to market, however it’s making certain the higher San Diego area – together with the Imperial Valley and the Inland Empire – and the state of California stay aggressive within the clear expertise and renewable vitality sectors,” stated Cleantech San Diego President and CEO Jason Anderson. “It’s thrilling and rewarding to see SCEIN corporations offering new progressive options which can be offering cost-effective clear vitality applied sciences that may assist all Californians cut back their vitality prices and environmental impression.”
SCEIN purposes are accepted on a rolling foundation. Anybody eager about making use of as an entrepreneur, changing into a mentor, becoming a member of the Technical Advisory Committee, or internet hosting a pilot demonstration mission, can study extra at cleantechsandiego.org/scein.
Subsequent week, Cleantech San Diego is internet hosting its annual Southern California Vitality Innovation Community Showcase occasion on November 9, 2022, from 9:00 – 11:00 am. This free, digital, public occasion will function shows from 9 different clear vitality startups at present engaged within the SCEIN program. The showcase is designed to lift the visibility of those corporations with VCs, buyers, strategic companions, and potential clients. Study extra and register at cleantechsandiego.org/occasion/sceinshowcase2022.
Quotes from SCEIN Graduates:
“The SCEIN program was an enormous asset for Ivy Vitality when initially launching the platform and dealing in direction of demonstrable product market match,” stated Ivy Vitality Founder and CEO Dover Janis. “SCEIN was there to attach Ivy’s staff to skilled advisors, level them in direction of public packages that would help in validation and funding, and provides worthwhile suggestions on technique. The SCEIN program helps entrepreneurs with nice concepts get the help they want that offers them credibility and confidence in probably the most troublesome phases of early validation and development.”
“The help, connections, and alternatives that SCIEN offers have been extraordinarily worthwhile for NeoCharge,” stated NeoCharge co-founder and CEO Spencer Harrison. “We’ve actually loved working with everybody at SCEIN and couldn’t be extra grateful for all of the alternatives this system has supplied.”
“We admire the SCEIN staff’s steady mentorship through the years that Occuspace has been concerned in this system,” stated Occuspace CEO Nic Halverson. “We’ve acquired directional suggestions on high-level company technique and introductions to clients and buyers which were game-changing for our startup. You’ll be able to inform the SCEIN staff actually cares about its members and has put appreciable effort and time into serving to make Occuspace extra profitable.”
“The SCEIN program was instrumental in serving to develop our startup right into a formidable challenger within the vitality space for storing in the present day,” stated South 8 Applied sciences Co-Founder and CEO Cyrus Rustomji. “This system was useful in figuring out grant alternatives, leveraging their community to connect with buyers and third-party providers, and offering mentorship to assist navigate us by means of our enterprise development.”
“The sources SCEIN supplied to Qubitekk had been invaluable,” stated Qubitekk CRO Corey McClelland. “As a startup with restricted funding, SCEIN allowed Qubitekk to develop utilizing their sources for mentoring, pitch deck growth, and introductions to different entrepreneurs and buyers. If you find yourself beginning an organization, you don’t understand how a lot assist is obtainable. SCEIN was a one cease store that helped information us over the valley of demise to profitability.”
“The SCEIN staff has been one of the vital skilled teams to work with,” stated UCAP Energy CEO Gordon Schenk. “SCEIN has been extremely instrumental in our NREL and Edison Award success in addition to the latest California Vitality Commissions CalTestBed grant we had been awarded.”
“Having secured a number of large-scale business utility, mass transit, and transportation electrification initiatives through the COVID-19 pandemic, we particularly appreciated SCEIN’s help and referrals in figuring out and securing mission financing,” stated VLI-EV CEO Masao Nishikawa.
“Cleantech San Diego’s enterprise accelerator program has helped XENDEE faucet right into a community of occasions, mentors, buyers, gross sales alternatives and authorities companies from across the globe,” stated Xendee Co-Founder and CEO Adib Nasle,. “Simply this June, we introduced our $12 million Sequence A funding spherical and we look ahead to persevering with to be part of the exponential development of unpolluted vitality corporations in Southern California.”
Concerning the Graduating Startups:
Chilldyne provides a liquid cooling expertise that improves Information Middle vitality effectivity 20-40 p.c for a faster return on funding whereas additionally enabling ten-times larger density computing than conventional air-cooled programs. Not like different forms of liquid cooling, Chilldyne’s patented, negative-pressure expertise eliminates the danger of water leaks by pulling coolant by means of the system. The easy, direct-to-chip design means specialised technicians are usually not wanted for set up or new commissioning.
Managed Thermal Sources (CTR) is integrating geothermal energy and lithium extraction applied sciences to supply the world’s most sustainable supply of battery grade lithium to help electrification of transportation and generate low-cost, renewable vitality. CTR has been instrumental in creating California’s Lithium Valley close to the Salton Sea, a wealthy useful resource with the potential of supplying 600,000 metric tons of lithium yearly. Amongst many latest milestone achievements for the corporate, final yr, the Biden-Harris Administration launched an EV Charging Motion Plan that included CTR and their strategic collaboration with Basic Motors. This recognition of CTR’s work in Lithium Valley represented a significant milestone for the corporate and for the way forward for constructing a sustainable and accountable lithium battery provide chain in the USA.
Ivy Vitality developed the primary photo voltaic billing software program of its form known as Digital Grid, fixing the cut up incentive downside of transacting photo voltaic vitality between residents in shared buildings. This enabled property house owners to put money into rooftop photo voltaic and distribute photo voltaic vitality in a consumer-friendly method at a value financial savings to its residents. Digital Grid makes use of good grid logic to pretty distribute the photo voltaic vitality advantages of all the group and ship an easy-to-understand month-to-month clear vitality expertise. Ivy’s shoppers on the platform in the present day are seeing $800-$1,500 in extra NOI yearly per unit, whereas the top customers (tenants) see assured month-to-month vitality invoice financial savings of 5-20 p.c.
NeoCharge is optimizing residence vitality utilization by means of software program and {hardware} options. NeoCharge’s flagship product, the Good Splitter, permits electrical car (EV) adoption and residential electrification by making entry to 220-volt energy clear, straightforward, and reasonably priced. NeoCharge’s Join is a vehicle-integrated software program that helps EV drivers observe their vitality prices, cut back their carbon emissions, and get monetary savings on their utility payments by charging at the most effective occasions for the grid. NeoCharge has received quite a few awards together with the LACI Innovators Award, the CEC CalSEED award, and is a two-time winner of Caltech RocketFund’s grant. NeoCharge can be an Alumni of the Los Angeles Cleantech Incubator and is lively within the Wells Fargo IN2 Incubator.
Occuspace offers a camera-less, novel resolution for reporting minute-by-minute indoor occupancy knowledge that offers constructing house owners the data they should cut back whole vitality consumption by 10-20 p.c, optimize house administration, and enhance the occupant expertise.
South 8 Applied sciences spun out from UC San Diego in 2016 and is creating a novel Liquefied Gasoline (LiGas®) electrolyte for next-generation Li-ion batteries. In distinction to utilizing standard liquids, the LiGas electrolyte makes use of off-the-shelf gasses because the solvent for the electrolyte. The distinctive chemistry provides important security enchancment, world-record working temperature vary, and potential for enhancements in vitality, all whereas providing value discount alternatives from decrease supplies and manufacturing value. The patented expertise is a straightforward drop-in alternative for in the present day’s lithium-ion cells, minimizing switching value by utilizing effectively understood and customary manufacturing methods. The LiGas electrolyte has been validated by main cell and automotive producers in addition to the U.S. Division of Protection.
Qubitekk manufactures quantum programs, designs system architectures, and integrates quantum expertise with classical infrastructure to unravel the quantum challenges of in the present day whereas making ready for tomorrow. Along with its utility companion, Chattanooga’s EPB, Qubitekk has created and is actively deploying the primary business, subscription-based quantum community for the quantum trade. As the one US-based producer of quantum community programs, Qubitekk’s elements are designed, engineered, and precision manufactured to combine seamlessly with current structure to supply unmatched quantum communications over optical fiber and in free house. Along with terrestrial quantum networking breakthroughs, Qubitekk is advancing the combination of quantum communications {hardware} on unmanned aerial automobiles and low-earth orbit satellites, opening protection, aerospace, and business alternatives within the quantum area. Qubitekk received the 2022 Edison Gold Award and a 2021 R&D 100 award in collaboration with EPB, Oak Ridge Nationwide Laboratory, and Los Alamos Nationwide Laboratory.
UCAP Energy develops ultracapacitor-based energy options throughout a variety of renewable markets. Their programs use sustainable primarily based merchandise and supply a long-lasting supply of dependable high-power vitality storage that may assist remove lead-acid and different hazardous supplies in batteries. In Could of 2021, UCAP Energy accomplished the acquisition of Maxwell Applied sciences Korea, the Korean-based ultracapacitor enterprise, in addition to different associated belongings together with the Maxwell model. Earlier this yr UCAP Energy received awards on the 2022 NREL Business Development Discussion board within the classes of Rising Markets and Finest Total Enterprise. As well as, the primary UCAP Energy product, the POWERBLoK, was a 2022 Edison Award winner within the Vital Infrastructure class.
VLI-EV is a one-stop sustainable and renewable battery vitality storage options supplier that provides proprietary controls software program with excessive energy (5C cost/discharge charges) and tremendous lengthy life with 25-year warranties. These programs cut back buyer vitality and peak demand cost prices by 20-40 p.c, in addition to CO2 emissions. VLI-EV addresses probably the most stringent battery vitality storage purposes starting from utility scale frequency and voltage laws, renewable vitality energy era stability, and tremendous excessive energy/cycle purposes.
XENDEE’s award-winning platform integrates the microgrid design course of into one piece of software program and permits customers to quickly validate initiatives of any measurement, optimize designs, optimize investments, and function microgrids in actual time to achieve their full potential. XENDEE’s software program can mannequin as much as 25 totally different distributed vitality useful resource applied sciences and calculates the optimum techno-economic resolution for every web site to fulfill its targets. These targets can embody decreasing prices, reducing CO2 emissions, rising resilience, or a mix of all three.
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About Cleantech San Diego
Cleantech San Diego is a member-based enterprise affiliation that positions the higher San Diego area as a world chief within the cleantech financial system and good cities motion. As a nonprofit group, Cleantech San Diego is uniquely suited to help the trade by fostering collaborations throughout the private-public-academic panorama, main advocacy efforts to advertise cleantech priorities, and inspiring extra equitable funding throughout the San Diego area. Stakeholders embody greater than 130 companies, universities, governments, and nonprofits dedicated to advancing sustainable options for the advantage of the financial system, the setting, and all members of the group. Study extra at cleantechsandiego.org.
Concerning the Southern California Vitality Innovation Community
The Southern California Vitality Innovation Community (SCEIN) is a free incubator program for clear vitality startups primarily based in San Diego, Riverside, San Bernardino, and Imperial counties which can be creating applied sciences to assist California meet its local weather targets. This system offers entry to the sources and amenities of regional companion organizations and connections with trade to be able to speed up the commercialization of rising vitality applied sciences. Managed by Cleantech San Diego, this system is the results of a number of grants from the California Vitality Fee to assist advance California’s vitality innovation trade. Study extra at cleantechsandiego.org/scein
Media Contact:
Shannon Bresnahan, Cleantech San Diego, 858-568-7777, shannonb@cleantechsandiego.org
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